Canva's $10B AI Reckoning: Australia's Tech Darling Faces Its Hardest Year

Canva's "biggest ever launch" has officially landed, but with a heavy price tag. Co-founder Cliff Obrecht admitted that serving their 265 million users—over 200 million of whom are free—has shifted from "essentially nothing" to a significant bill. The launch integrated AI directly into the platform, transforming a decade of nearly-zero marginal costs into a real financial burden. It's the moment Australia's most valuable private tech company decided to go all-in on AI,...